Comcast Co. (NASDAQ:CMCSA) Shares Acquired by Phoenix Financial Ltd.

by · The Cerbat Gem

Phoenix Financial Ltd. raised its holdings in Comcast Co. (NASDAQ:CMCSA – Free Report) by 9.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 45,442 shares of the cable giant’s stock after buying an additional 3,771 shares during the period. Phoenix Financial Ltd.’s holdings in Comcast were worth $1,706,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Promus Capital LLC acquired a new position in Comcast in the fourth quarter valued at $25,000. Winch Advisory Services LLC boosted its position in shares of Comcast by 269.9% in the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock valued at $26,000 after purchasing an additional 502 shares during the period. Roxbury Financial LLC purchased a new position in Comcast during the 4th quarter worth approximately $27,000. Wingate Wealth Advisors Inc. acquired a new position in Comcast during the fourth quarter worth approximately $28,000. Finally, Noble Wealth Management PBC purchased a new stake in Comcast in the fourth quarter valued at approximately $38,000. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Stock Down 4.3 %

CMCSA stock opened at $33.68 on Friday. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09. The company’s 50-day moving average price is $35.56 and its 200 day moving average price is $38.61. Comcast Co. has a 52 week low of $32.20 and a 52 week high of $45.31. The company has a market cap of $127.34 billion, a P/E ratio of 8.12, a P/E/G ratio of 1.78 and a beta of 0.94.

Comcast (NASDAQ:CMCSA – Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. On average, research analysts expect that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 3.92%. The ex-dividend date is Wednesday, April 2nd. This is an increase from Comcast’s previous quarterly dividend of $0.31. Comcast’s payout ratio is 31.81%.

Wall Street Analyst Weigh In

CMCSA has been the topic of a number of recent research reports. Scotiabank lifted their target price on shares of Comcast from $44.50 to $45.00 and gave the company a “sector perform” rating in a report on Tuesday. Wells Fargo & Company reduced their target price on shares of Comcast from $45.00 to $37.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. Sanford C. Bernstein set a $38.00 price target on Comcast in a report on Friday, January 31st. Barclays reduced their price objective on Comcast from $42.00 to $37.00 and set an “equal weight” rating for the company in a research note on Monday, February 3rd. Finally, StockNews.com upgraded Comcast from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 27th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, Comcast presently has an average rating of “Moderate Buy” and a consensus target price of $42.90.

Read Our Latest Stock Report on Comcast

Comcast Company Profile

(Free Report)

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.

See Also

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